A new market study is available through Report Linker analysing the global distribution transformers market outlook in the period 2017-2025.
According to the report, the global distribution transformer market is expected to grow at a CAGR of 7.51% during the forecast period of 2017-2025.
The main drivers in the market are advances in transformer industry and the rebuilding and modernization of aging power infrastructure.
Asia Pacific accounted for the largest share of the market in the year 2016 and is expected to maintain this status throughout the forecast period with China, India, South Korea, and Japan being the leading contributors.
The main market players profiled in the report include General Electric, ABB, Siemens, Schneider Electric, Hitachi, Crompton Greaves and Transformers and Rectifiers India.
Source: Report Linker